Should You Invest in the WisdomTree Cloud Computing ETF (WCLD)?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 16 2024
0mins
Source: NASDAQ.COM
Overview of WisdomTree Cloud Computing ETF (WCLD): Launched in 2019, WCLD is a passively managed ETF focused on the Technology - Cloud Computing sector, with assets over $399.90 million and an expense ratio of 0.45%. It aims to match the performance of the BVP Nasdaq Emerging Cloud Index, primarily investing in Information Technology companies.
Performance and Investment Considerations: As of September 2024, WCLD has experienced a decline of approximately -11.13% year-to-date and holds a Zacks ETF Rank of 1 (Strong Buy), indicating strong potential for investors seeking exposure to cloud computing.
Analyst Views on WIX
Wall Street analysts forecast WIX stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for WIX is 178.61 USD with a low forecast of 135.00 USD and a high forecast of 210.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
20 Analyst Rating
19 Buy
1 Hold
0 Sell
Strong Buy
Current: 83.770
Low
135.00
Averages
178.61
High
210.00
Current: 83.770
Low
135.00
Averages
178.61
High
210.00
About WIX
Wix.com Ltd. (Wix) is an Israel-based company engaged in the provision of a web development platform enabling businesses and organizations to take businesses, brands, and workflow online. The Company provides solutions that business owners can use to operate various aspects of their business online, such as selling goods, taking reservations, and scheduling and confirming appointments. These applications provide Wix registered users a bespoke front-end for customers visiting their Website, as well as a back-end management dashboard. The Company has developed these software applications for businesses in specific verticals, including retail and online stores, service providers, hotel and property management, music, and restaurants. These vertical applications are integrated into the Company's Website templates or can be installed on any existing Website and set up by the user and without the need to write code.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
